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Friday, November 25, 2016

As of Wednesday, State Bank of India has managed to calibrate 60 per cent of its ATMs.

The rest would be done within the next five days, the bank's Chairperson, Arundhati Bhattacharya, said on the sidelines of SBI's Community Service Banking organised at the bank's Administrative Office premises in Coimbatore.

She also admitted that though 60 per cent of the ATMs were calibrated, most of these automated teller machines were loaded with the new Rs. 2,000 currency, because the new Rs. 500 note was not available in the first few days. “It has just started to come in.”

“The machines have been calibrated to dispense the new Rs. 500 as well. Every State is getting covered, but at a slower pace. As the higher denomination currency came first, it was important to put in (load) some bulk. The new note will be available in Chennai from today and Coimbatore will get it soon enough. Once the new currency gets distributed we will load these on the ATMs,” she said.

She allayed rumours about the difficulty in getting the new Rs. 500 currency calibrated. “When we calibrated for Rs. 2,000, we did so for Rs. 500 as well,” she said.